If the Government Imposes a Price Floor That Is Below

question 233

Multiple Choice

If the government imposes a price floor that is below the equilibrium price,then the market will experience

• A) an equilibrium.
• B) a shortage.
• C) an excess supply.
• D) no scarcity.

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Definitions:

Memory Trace

A theoretical concept referring to the physical change in the brain that represents a storage of knowledge.

Gradual Loss

A slow diminution or decline in value, quality, or quantity over time.

Anterograde Amnesia

A condition where a person is unable to form new memories after the event that caused the amnesia, although long-term memories from before the event remain intact.

New Memories

The formation and storing of information and experiences that can be recalled at a later time, a fundamental process in learning.